This post may be easier to read on the OKTA board (https://discussion.fool.com/4056/okta-guidance-and-position-in-z…). I couldn’t get rid of the wide format on this board.
OKTA’s earnings results will be released on Wednesday, December 5, 2018, after the close of the market. I’ve inserted the Company’s revenue guidance into the tables below.
Quarterly Total Revenue (in $ million) FY Q1 Q2 Q3 Q4 2018 53.0 61.0 68.2 77.8 2019 83.6 94.6 96.5* *- FY19 Q3 is guidance, all others are as reported % Quarterly Total Revenue Growth Y/Y FY Q1 Q2 Q3 Q4 2018 67 63 61 59 2019 60 57 44* *- FY19 Q3 is guidance, all others are as reported
- On September 7, 2018, OKTA reported Q2 revenue growth of 57% compared with 40% guidance.
- FY18 Q3 and Q4 revenue have not been restated for ASC 606 yet. They will be adjusted when the Company reports.
- OKTA is on a January 31 fiscal year.
On a different topic related to OKTA…
In early November, Forrester Research issued a report naming OKTA a “Strong Performer” in Zero Trust. Given OKTA’s well-established position as a leader in identity for the enterprise and its developing position in Zero Trust, I recently increased my position in OKTA.
For those of you who may be interested…
The definition of Zero Trust is:
A Zero Trust (ZT) architecture abolishes the idea of a trusted network inside a defined corporate perimeter. ZT mandates that enterprises create microperimeters of control around their sensitive data assets to gain visibility into how they use data across their ecosystem to win, serve, and retain customers.
A complimentary version of the Forrester Report can be found on the OKTA website. Link: (https://www.okta.com/resources/analyst-research-the-forreste…) PANW, a partner of OKTA, is the leader in Zero Trust.
This article will probably only be of interest to OKTA shareholders because it is a bit long. Link: (https://www.citizentribune.com/news/business/okta-recognized…)
Long OKTA and PANW